The pyth token belongs to the solana chain ecosystem, the leading oracle project, and the cross-chain bridge.

The total issuance of pyth tokens is 10 billion, and the circulation before May 20 is 1.5 billion, with a circulation rate of 15.0%. Pyth originally planned to unlock about 2.13 billion on May 20, accounting for 141.67% of the circulation. Based on the unit price of $0.444 before unlocking, it is worth $946 million. The pyth token will unlock about 2.13 billion on May 20 each year for three consecutive years. This kind of high-valuation and low-circulation governance coin is really ruthless. Every time it unlocks 21.3% of the total supply, it is too obvious to cut leeks.